Guaranteed Price Matching

04/04/2002


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Table of Contents

Guaranteed Price Matching

Guaranteed Price Matching

Repeated Pricing

Retaliation for Underpricing

Tit-for-Tat Response to Underpricing

Price Leadership

Price Leadership

The Kinked Demand Curve

The Kinked Demand Curve

The Kinked Demand Curve

Entry Deterrence by an Insecure Monopolist

The Passive Strategy

The Entry-deterrence Strategy

The Insecure Monopolist Strategy

Game Tree for the Entry Game

The Outcome of the Entry-deterrence Game

The Outcome of the Entry-deterrence Game—Limit Pricing

Entry Deterrence and Contestable Markets

Characteristics of Different Types of Markets

Author: Fernando Quijano